Digital Video Delivery Or On-Campus Delivery

Financial Aid Office

1700 University Ave

Flint, MI 48504

Fax: 810-762-9807

Email:

2017-2018 Application for Graduate Financial Aid

Digital Video Delivery or On-Campus Delivery

Name: ______ID# ______

Please indicate the delivery system you will be using:

Digital Video Delivery _____

On-Campus Delivery _____

ANTICIPATED ENROLLMENT and EMPLOYER REIMBURSEMENT

Indicate the actual number of credit hours you will take each term (do not indicate “max”). You must submit a copy of your employer’s reimbursement policy OR if your company does not have a reimbursement program (or you are not eligible for reimbursement), you must provide a letter from your employer’s Human Resource (HR) Department stating this to the Financial Aid Office.

Name of Employer: ______

If you are currently unemployed, please check here: _____ Last Date of Employment: _____/_____/_____

Please note: you must submit a copy of either (a) your most recent unemployment benefits statement or (b) your termination letter from your employer.

IMPORTANT NOTES:

1.  If you receive tuition reimbursement from your employer, it will be counted as a resource for the term it is intended, even if you will not receive the reimbursement until after the term has ended.

2.  It is your responsibility to contact the Financial Aid Office if your enrollment plans change. If you do not enroll for the number of credit hours you indicate, or you drop a course after it has started, your financial aid will be adjusted to match your enrollment status.

By signing this application, I certify that (1) I have read and understand the accompanying policy and (2) all the information reported on it is complete and correct.

Signature: ______Date: ______

Graduate Student Policy

Kettering University Digital Video or On-Campus

Graduate students are eligible to receive a loan for the amount of their cost of attendance less employer reimbursement.

Types of Loans (Financial Aid) Available

As a graduate student, you may be eligible to receive:

Federal Direct Unsubsidized Loan A loan offered by the federal government. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan. Repayment begins 6-months after graduation or if/when you cease to be enrolled at least half-time. You may qualify for up to $20,500 per year. All federal eligibility requirements must be met.

Non-Federal Private Student Loan A credit-based loan offered by a third-party lender. Interest on a private loan accrues from the date of disbursement and continues throughout the life of the loan. Repayment on most loans begins 6-months after graduation or if/when you cease to be enrolled at least half-time but may vary depending on the lender. It is your responsibility to know your lender’s repayment terms and policies. Non-federal private loans can have variable or fixed interest rates depending on the lender.

Graduate PLUS A credit-based loan offered by the federal government. Interest on a Graduate PLUS loan accrues from the date of disbursement and continues throughout the life of the loan. Repayment begins 6-months after graduation or if/when you cease to be enrolled at least half-time. All federal eligibility requirements must be met.

How Eligibility is Determined

The Financial Aid Office must have the following information in order to determine your loan eligibility:

·  Free Application for Federal Student Aid (FAFSA) for the correct aid year

·  Application for Graduate Financial Aid for the correct year

·  Copy of employer’s reimbursement policy or letter from HR department stating you are ineligible

Your cost of attendance and loan eligibility is based on your actual tuition charges (determined by the number of credit hours you’re enrolled in per term) and an allowance for books, miscellaneous expenses, and room and board. On-campus students also receive an allowance for transportation.

Employer Reimbursement

If you receive reimbursement from your employer for tuition and/or books, it will be counted as a resource for the term it is intended, even if you will not receive the reimbursement until after the term has ended (source: Federal Student Aid Handbook; May 2015; Chapter 7; 3-139).

Unemployment

If you are currently unemployed, you must provide the Financial Aid Office with your last date of employment and provide a copy of either your most recent unemployment benefits statement or a copy of your termination letter from your employer.

Adjustments to Aid

It is your responsibility to contact the Financial Aid Office if your enrollment plans change. If you do not enroll for the number of credit hours you indicate, or you drop a course after it has started, your financial aid will be adjusted to match your enrollment status.